STI resumes fall despite global support moves
Asia-Pacific equity benchmarks mostly lower, tracking fall in oil prices to 18-year-lows; ASX 200 bucks trend after Canberra's actions
Add BT as a preferred sourceSINGAPORE'S Straits Times Index (STI) fell on Monday after relief from last week's global fiscal support measures faded.
Before market open, the Monetary Authority of Singapore (MAS) said it flattened the pace of the Singapore dollar's appreciation and lowered the mid-point of the Singapore dollar nominal effective exchange rate (S$NEER) band.
The MAS' moves follow last Thursday's S$48.4 billion support package by the Singapore government and comes as the city-state is facing its first full-year recession since 2001 due to the economic fallout of Covid-19.
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